IFGL Refractories Ltd (NSE:IFGLEXPOR)

Q2 2026 IFGL Refractories Ltd Earnings Call Transcript

Nov 11, 2025 / 09:30 AM GMT

Release Date Price: ₹231.17 (-0.76%)

Transcript

Key Points

Positve

IFGL Refractories Ltd (BOM:540774) reported a consolidated total income growth of 18% year-on-year, driven by strong market traction.
The company's domestic revenue grew by 27% during the quarter, with 78% of standalone revenue now coming from the Indian market.
American operations showed significant improvement with a 26% revenue growth during the quarter, attributed to tariff policy changes and a rebound in demand.
The company is expanding its footprint with a new subsidiary in Australia, positioning itself for future growth.
IFGL Refractories Ltd (BOM:540774) is progressing well with its greenfield projects in India, which are expected to be completed by FY 2028 and FY 2029, respectively.

Negative

The company faced a decline in export business by 20% year-on-year, primarily due to a strategic shift towards the domestic market and moderate demand overseas.
European operations continue to experience losses, with a reported loss of 16 crore at the EBIT level in the first half.
The company is facing challenges in maintaining margins due to product mix, lower export offtake, and higher employee costs.
There is no expected improvement in pricing trends for non-flow control areas, which could impact future profitability.
The company is dealing with macroeconomic challenges in Europe, which may affect the timeline for achieving break-even in its European operations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IFGL.NS - IFGL Refractories Ltd
Q2 2026 IFGL Refractories Ltd Earnings Call
Nov 11, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to IFGL re Factories Limited Q2 and H1 FY26 earnings conference call hosted by Monaj Networth Capital Limited.

As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Sahil Sangvi from Mona Networks Capital Limited.

Thank you and with you, sir.

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